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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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for |
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Origin Pools Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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for |
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Origin Pools Limited |
Origin Pools Limited (Registered number: 07412684) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Origin Pools Limited |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1st Floor, Bridge House |
25 Fiddlebridge Lane |
Hatfield |
Hertfordshire |
AL10 0SP |
Origin Pools Limited (Registered number: 07412684) |
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Balance Sheet |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Origin Pools Limited (Registered number: 07412684) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Origin Pools Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Group accounts |
The accounts present information about the company as an individual undertaking and not about its |
group. Consolidated accounts have not been prepared as the group qualifies as a small group as |
defined in Sections 383 and 384 of the Companies Act 2006. |
Origin Pools Limited (Registered number: 07412684) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Registered office: 1st Floor, Bridge House, 25 Fiddlebridge Lane, Hatfield, Hertfordshire, AL10 0SP |
Nature of business:
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Class of shares: | holding |
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2016 | 2015 |
£ | £ |
Aggregate capital and reserves |
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Profit for the year |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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A Ordinary | £1 | 60 | 60 |
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B Ordinary | £1 | 40 | 40 |
100 | 100 |
Origin Pools Limited (Registered number: 07412684) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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7. | RELATED PARTY DISCLOSURES |
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The Company is controlled by its directors. |
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During the year, the Company: |
- paid dividends of £160,000 (2015: £150,000) to the directors and members of their close family; and |
- borrowed a further £355,000 (2015: £nil) from its subsidiary company; and |
- repaid £355,000 (2015: £nil) to its directors. |
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At the balance sheet date, the Company owed: |
- £1,147,358 (2015: £784,691) to its wholly-owned subsidiary; and |
- £2,888 (2015: £357,888) to its directors. |
No arrangements have been made regarding interest on, or repayment of, these loans. The subsidiary |
has advised the Company that it will not seek repayment of £1,145,000 of its loan within one year of |
the balance sheet date. |